Name: 財務報表----第7講----財務狀況表----國際財務報告準則 (Financial Statements - Lecture 7 - The Statement of Financial Position - IFRS)
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the Statement of Financial Position under IFRS.

Before we move forward, though, let's review.

Public corporations in Canada use IFRS, International

IFRS requires them to produce five statements-- the Income

Statement, Statement of Comprehensive Income,

Statement of Changes in Equity, Statement

of Financial Position, and Statement of Cash Flows.

Today we'll focus on the Statement of Financial

Position, but let's review the previous statements

This statement measures a company's performance.

The profit or loss from the Income Statement

that the profit or loss is carried forward

to the Statement of Comprehensive Income.

This statement adds or deducts unrealized gains or losses

to provide a broader definition of a company's performance, one

that includes both realized and unrealized amounts.

The unrealized gains or losses on the Statement

of Comprehensive Income are then carried forward

This statement reports how profits, dividends, shares,

and other items have affected shareholders' equity.

Remember I said that the profit or loss from the Income

Statement is used in multiple other statements?

You saw that it was used as the opening number in the Statement

Here, it's used in the Retained Earnings column.

The ending balances from the Statement of Changes in Equity

are then transferred to the Statement of Financial

summarizes the assets owned, the liabilities owed,

and the equity investment by the shareholders.

This statement shows the financial health

of a company at a specific point in time.

In order to understand the Statement of Financial

the elements that make up this statement-- assets,

Everything that a company owns or controls

is considered an asset, a resource the company will

When you look at the assets, you answer the question,

what does the company have that they will use in the future

Financial statements are all about communicating

by grouping assets based on their characteristics,

in this case how fast they are used or converted into cash.

Users obtain a better understanding of the company's

Let's define those two categories of assets.

or consumed within one year or operating cycle,

that do not meet the definition of a current asset.

These are resources that will be converted into cash,

sold, or used up over more than one year.

They're divided into five subcategories--

long-term investments; property, plant, and equipment;

intangible assets; goodwill; and other assets.

In order to better understand the accounts that

I suggest you check out the Financial Statement Element

video which lists, defines, and describes

all the different accounts under each category.

Companies take on debt and owe third parties either money,

into current and non-current, again to provide information

that will be satisfied in one year or operating cycle,

Current liabilities include accounts such as accounts

are debts that will be satisfied beyond one year or operating

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財務報表----第7講----財務狀況表----國際財務報告準則 (Financial Statements - Lecture 7 - The Statement of Financial Position - IFRS)

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